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Billionaire Mukesh Ambani-led Reliance Industries got a big thumbs up from global brokerage firm CLSA, following Reliance Jio’s tariff hike. Reliance Industries share price gained by more than 1.7% to hit the day’s high at Rs 1579.85 on BSE. Global brokerage firm CLSA has hiked the target share price to Rs 2,010 from …
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The Securities Appellate Tribunal (SAT) has asked the NSE to take a decision by Friday in the matter of suspension of trading licence of Karvy Stock Broking Ltd. This comes after Karvy moved to SAT against the NSE’s directive which suspended the broker’s licence on Monday due to non-compliance of …
Continue reading “SAT asks NSE to decide by Friday in Karvy’s licence suspension matter”
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The global brokerages are bullish on Bharti Airtel after it raised the tariff on data and calls. The telco’s financials are expected to improve post-hike in rates, both Morgan Stanley and CLSA said. Sunil Mittal-backed telecom operator is expected to see an improvement in profitability and balance sheet in the …
Continue reading “Bharti Airtel after tariff hike is a good bet; here’s why brokerages say so”
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Ujjivan Small Finance Bank IPO to raise up to Rs 750 crore kicked off for subscription today. Ujjivan SFB IPO will remain open till 4th December, Wednesday. The issue received bids for 2.06 crore shares, as against the issue size of 12.39 crore shares, a subscription of 17% so far, data …
Continue reading “Ujjivan Small Finance Bank IPO subscribed 17% so far on Day 1: Should you invest?”
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Shares of ICICI Securities jumped nearly 5 per cent in early trade on Friday after the company settled charges of alleged violation of stock broker norms, without admission or denial of any wrongdoing, with markets regulator Sebi. On the BSE, the stock opened at Rs 332.25 and gained 4.77 per cent to …
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Mukesh Ambani’s Reliance Industries Ltd has finally crossed the m-cap of Rs 10 lakh crore and has become the first company to pull off this feat. In just five years, the company has added Rs 7 lakh crore to its market cap. The company is now the most valued firm in terms …
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Days after banning Karvy Stock Broking, SEBI Chief Ajay Tyagi on Wednesday said that the brokerage indulged in activities that were ‘never allowed’. It comes as the capital market regulator banned Karvy from selling shares of clients pledged with it through associated entities. “What is basically never allowed was being …
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Oil prices were toppled from their highest in nearly two months on Friday by doubts over future demand for crude as uncertainty continues to shroud a potential U.S.-China trade deal, and along with it the health of the global economy.That was more than enough to offset news of a likely …
Continue reading “Oil falls from 2-month high as US-China trade doubts dominate”
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